FERRARI NV (RACE) Stock Technical Analysis
NYSE:RACE - New York Stock Exchange, Inc. - NL0011585146 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to RACE. RACE has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Both the short term and long term trends are positive. This is a very positive sign.
RACE is one of the better performing stocks in the Automobiles industry, it outperforms 75% of 37 stocks in the same industry.
RACE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RACE is lagging the market slightly.
In the last month RACE has a been trading in the 453.22 - 499.06 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, RACE turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
RACE has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 481.28, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
400.95
513.24
When analyzing the support we can see 5 important areas.
- A support zone ranging from 475.12 to 481.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 459.04 to 459.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @438.59 from a trend line in the weekly time frame.
- Support @417.42 from a horizontal line in the weekly time frame.
- Support @405.00 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 490.51 to 508.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for RACE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RACE is up. |
| ChartMill Relative Strength | 68.09 | NEUTRAL | RACE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RACE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RACE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RACE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.25 | NEUTRAL | The RSI value for RACE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.94 | POSITIVE | The MACD value suggests RACE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.72 | OVERBOUGHT | The high Stochastics value suggests RACE may be overbought. |
| Average True Range in percent/ATR (20) | 1.5 | LOW VOLATILITY | The low ATR as a percentage value for RACE suggests low volalility. |
| Average Directional Index/ADX (14) | 13.45 | NEGATIVE | The low ADX value for RACE suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 499.07 | 484.03 | 15.04 (3.01%) | 25.00% |
| An entry @499.07. This is a Buy Stop order right above the 10 day high. | An exit @484.03. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 15.04 points, which is 3.01%. | For a 0.75% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
488.29
-2.37 (-0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg-0.48%
1 Week0.41%
2 Weeks-0.57%
1 Month3.31%
3 Month10.98%
6 Month12.03%
12 Month17.29%
2 Year52.4%
3 Year131.17%
5 Year168.73%
10 YearN/A
15 YearN/A
Volatility
ATR(14)7.53
ATR(20)%1.5%
ATR Inc-20.4%
Range Today4.34
ADR(20)6.47
ADR(20)%1.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.09
Mansfield-0.13
10 Day High499.06
10 Day Low484.04
20 Day High499.06
20 Day Low453.22
52 Week High509.13
52 Week Low391.54
CS1 End481.28
CR1 Start490.51
Volume & EV
DER(3)0.7%
DER(5)0.69%
Volume220.30K
Volume Incr-19.58%
Vol(5)273.70K
Vol(50)317.04K